Credit Cards

The Master Archive!

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Teach Children to Follow Their Dreams

By Keith Taxguy / June 4, 2018 / 2 Comments

From a young age I knew exactly wanted to do. Then I changed my mind.

Such is youth. My dad had different plans for me. My childhood was spent on the family farm and it was an awesome life. My dad owned an agricultural repair business and the plan was in place for me to slide right into the company. There was only one problem: I hated the work.

My children are now adults. One is in China while the youngest just graduated high school. My fondest hope was that at least one of the two would be interested in tax and accounting work. No dice.

Forcing your children into a family business is always a bad idea. The kids might love the work and they should then be welcomed with open arms if they do. But most kids don’t want to follow in their parent’s footsteps. Their dreams are different. Most often they follow their parent’s path because they don’t know where else to turn.

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Bitcoin’s Achilles Heel

By Keith Taxguy / November 29, 2017 / 33 Comments

Cryptocurrencies are all the rage with bitcoin (BTC) leading the pack. As I write, BTC blew past a 1,000% return year to date and posted its first trade above $10,000. Experts claim BTC could increase another 400% between now and the end of next year to $40,000 or more! If that doesn’t make your eyes…

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Tradelines, Part 2: Helping the People You Care About

By Keith Taxguy / November 1, 2017 / 10 Comments

Recently I discussed selling tradelines as a way to generate extra income. If you are unfamiliar with tradelines, read my prior article first. Today I want to expand on the idea of using your tradelines to improve the financial position of the people you care about. Selling tradelines is an easy way to earn money,…

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When Maximizing Gains are a Stupid Idea

By Keith Taxguy / October 25, 2017 / 7 Comments

There are times thinking like an accountant determines how much of your hard-earned money you get to keep and how well your investments perform. Money isn’t the only thing accountants think about either. Time is more important than money by a long shot and plays into the equation every time. This past week my oldest…

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Tradelines: The $1,000 an Hour Side Gig

By Keith Taxguy / October 11, 2017 / 65 Comments

Remember all those credit cards you acquired to earn out those bonuses and eventually canceled? You’re going to wish you hadn’t done that.

Credit cards are one of the most powerful wealthy building tools in existence today when used properly. They get a bad rap because irresponsible people rack up massive quantities of high interest debt and spend decades digging out if they ever get out. Still, credit cards can put a lot of ka-ching in your pocket if you understand the rules and never run a balance on the card.

If you are in the accumulation phase of your wealth building cycle, looking for a high income compared to the time invested or love gaming the system (your favorite accountant is guilty as charged), then you need to learn about tradelines.

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How to Complain To Your Credit Card Company

By Keith Taxguy / September 22, 2017 / 8 Comments

Today we have a special guest post from Josh Wilson of Family Faith Finance. Josh’s idea for an article is one I would’ve written if I’d thought of it. I talk about using credit cards as a tool to better manage your finances and those juicy bonuses they offer, tax-free. But what if something goes…

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Debt Collector’s Suicide Bomb

By Keith Taxguy / September 11, 2017 / 18 Comments

This blog post is part of the Suicide Prevention Awareness Month blog tour in partnership with Debt Drop. If you are feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or text HOME to 741741.   In the waning days of the second millennium of the Common Era I found myself in Austin,…

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Manufactured Spending Without the Factory

By Keith Taxguy / June 14, 2017 / 15 Comments

The biggest problem most people have with credit card bonus programs is meeting the spending requirements for the bonus. Business owners have an advantage. Landlords do too. Meeting a $3,000 spending requirement in 90 days is a snap of the finger for even a relatively small business or side gig. But not every side gig…

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